OMNIQ Corp. Acquires Eyepax USA’s Intellectual Property and Technology to Establish Leadership in Multi Billion Dollar Automated Parking Solutions Market
- OMNIQ is now positioned as a Prime Contractor within the $5.2 billion ticketless parking vertical
- OMNIQ to expand its service offering beyond its AI-based Machine Vision solutions to provide an integrated comprehensive parking and campus management solution
- OMNIQ to increase revenue share acting as the Prime Contractor instead of providing only AI-based sensors
- Enables cloud-based recurring transaction revenue model, quick deployment and real-time control
Salt Lake City, UT (March 3, 2020) – OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ”) announces the acquisition of the IP and certain other assets of Eyepax USA, a provider of customizable software and hardware packages of cloud-based parking management solutions. Eyepax’s solutions include its Online Parking System (OPS), a cloud-based solution for managing parking permit citations and enforcement; Citation Pro, which processes parking violations; and Lane Pro, parking and license-plate recognition using OMNIQ – HTS cameras. This acquisition complements OMNIQ’s AI-based Machine Vision comprehensive Vehicle Recognition System (including patented, License Plate, Color and Make Recognition) and enables the Company to provide an integrated, comprehensive solution that combines fixed, mobile and handheld hardware with a robust solution for issuance of virtual permits, citations and collections.